Coal India is nearing a crucial resistance level at 543.00. A breakout above this level could signal a strong bullish move. The stock has been following an ascending trend line, showing consistent upward momentum. Watch for a potential breakout and follow the trend for trading opportunities.
Reliance Industries Ltd is currently trading in a consolidation range, with potential for a breakout in either direction. Key levels to watch include Resistance 1 at 3056 and Strong Support 1 at 2766. A decisive move is expected soon, with strong resistance at 3217 in case of an upward breakout.
Asian Paints Ltd is on the verge of a bullish breakout at 3145, with the next resistance at 3393. The stock is forming a bullish megaphone pattern, supported by strong volume, indicating potential upward momentum.
Chart Pattern: Descending Channel, awaiting breakout Long-Term Trend: Potential continuation if breakout occurs Technical Indicator: Watching for MACD crossover Fundamental Boost: Secured ₹4,676 Cr contract from ONGC
Breakout Alert: Bullish breakout confirmed Trend: Strong uptrend with increasing momentum Volume: Supported by strong volume, indicating buyer interest Action: It's time to join the ride!
Chart Pattern: Cup and Handle Potential Breakout: Awaiting confirmation of breakout soon Technical Indicator: MACD showing a bullish crossover Resistance Level: Stock is breaking a strong resistance level
Patanjali Foods Ltd has demonstrated a significant bullish breakout supported by strong volume. The ascending trend line confirms the upward momentum. This breakout signals potential for further upward movement, as indicated by the strong buying interest and RSI close to the overbought zone.
NSE:CERA Established market position in the sanitaryware segment and diversified revenue profile: Cera has a track record of nearly three decades, strong brand image and a large retail network in the sanitaryware industry. It is one of the leading players in this segment, which has been one of the largest revenue contributors over the years, accounting for...
Breakout on July 26 with high volume Consolidation phase followed by another breakout Increased volume during recent breakout RSI above 70, indicating overbought conditions
Breakout from resistance at 527 Strong uptrend from Aug 2023 Ascending trend line Strong volume support
Baker Hughes Company The stock was earlier caught in a prolonged consolidation phase, during which it established an Inverted Head & Shoulder pattern. After the breakout, the price experienced a sharp rise but underwent a correction following the formation of a Double Bottom pattern. Subsequently, the stock entered another period of consolidation, gradually...
Breakout confirmed with a bullish move above the resistance level. Significant increase in trading volume, indicating strong buyer interest. Critical support level established as a strong base. RSI approaching overbought territory, suggesting potential for further gains but also warranting caution.
NSE:KNRCON BUSSINESS OVERVIEW One of the leading companies providing Engineering, Procurement and Construction (EPC) services. Major Projects in Roads & Highways – one of the fast-growing sectors Established presence in Irrigation and Urban Water Infrastructure Management 25+ years of experience of project execution Successfully executed more than...
NASDAQ After a powerful uptrend, the stock encountered a significant resistance around the 72 level and plummeted sharply thereafter. Finding stability near the 47 level, the price surged within a Rising Wedge formation. Typically, following the appearance of this pattern, a decline occurs post-breakout. This scenario unfolded exactly as expected. ...
#SBILIFE Multi-year breakout stock -Confirmed diagonal resistance Breakout after >4.5 years -Continuous higher low formation -Strong Increasing volume Definitely worth to keep in watchlist; A retest on this stock can ignite interest for potential long.
D.R HORTON After analysing the historical stock price, it is clear that the stock has been on an upward trend. Following the market crash in March’20, the price began its upward movement. During this uptrend, the price initially formed a Bullish Pennant pattern, leading to a surge after the breakout. Around the 107 level, the stock faced resistance and...
🎯 The chart says it all. Keeping it simple as always. 🎯 The price has remained within a range for quite some time. 🎯 We're approaching the support zone defended by the 200 WEMA 🎯 It will be interesting to see how the price reacts from that point. 🎯 Also, we await the results for FY 24. ⚠️Disclaimer: We are not registered advisors. The views expressed here are...
FedEx The stock price has been following a downward trend within a parallel channel. After reaching a base near the 145 level, the price started to move in an upward direction. With the support of a trendline, the stock managed to break through its trendline resistance with strong volume. As long as the price remained below the 50 EMA, it faced resistance...